What Can We Expect from the Biden Administration?

Joseph R. Biden was sworn in as the 46th President of the United States on January 20. While the incoming administration is expected to take significant steps on a host of issues in the coming weeks and months, there are several proposed changes to the American retirement system that could impact 401(k)s for people across the income spectrum and some that will increase awareness of the benefits of offering 401(k)s to employees.

For Advisors, For Plan SponsorsApp AdminFebruary 2, 2021From Jerrod, 401(k) BasicsComment

What is Participation Rate?

Determining 401(k) participation rates has historically been less a science and more of an estimate. You may ask yourself, what criteria makes up these rates? I did some digging and have found that the common assumption to define participation rate is to divide eligible participants with a balance by total eligible participants, and explain the details in this post.

For Advisors, For Plan SponsorsApp AdminApril 30, 2020From KevinComment

Stock Market History: Will the Stock Market Recover?

Investors in the United States today are able to enjoy the benefits of an open-architecture 401(k) plan that allows for proper diversification in an efficient marketplace. This was not the case in the 1630s, as speculators were purchasing tulip bulbs for the price of a house. Read more to see what history has to teach us about market fluctuation.

For Advisors, For Plan Participants, For Plan SponsorsApp AdminApril 24, 2020From Jerrod, COVID-19, Market FluctuationComment

CARES ACT: The Affects by COVID-19

The CARES Act was passed by Congress to provide economic relief in response to the COVID-19 pandemic. The new legislation created changes to both 401(k) loans and withdrawals. To be eligible for the new loan and withdrawal provision, the individual participant, or his or her spouse or dependent, must have been diagnosed with COVID-19, or the individual has suffered adverse financial consequences du to COVID-19. We outline what that may mean for you.

For Advisors, For Plan ParticipantsApp AdminApril 22, 2020From Kevin, COVID-19Comment

CARES Act FAQ: Distributions, Employer Contributions, & Loans

Expert answers to questions regarding the CARES Act and its effect on your 401(k) plan in 2020.

For Advisors, For Plan Participants, For Plan SponsorsApp AdminApril 15, 2020COVID-19Comment

CARES Act Webinar

LT Trust discusses the CARES Act and its effect on 401(k) plans.

For Advisors, For Plan Participants, For Plan SponsorsApp AdminApril 5, 2020COVID-19Comment

Understanding 401(k) Withdrawal Options For Current Employees

As we all personally and professionally deal with the unknowns surrounding the COVID-19 pandemic and our efforts to minimize the spread of this virus, many of us may need financial assistance. We want to remind you that a retirement plan is a long-term investment and before making any immediate changes you must consider the long-term effects. Our government is working to develop plans to stimulate our economy and many in our local communities have already started efforts to help those in need.

For Advisors, For Plan SponsorsApp AdminMarch 20, 2020COVID-19, From MichaelComment

401(k) Funding Requirements: Understanding the Timing

We are all learning together to navigate uncharted waters as COVID-19 travels around the world. We must all be vigilant and exercise caution and preventative measures in order to slow the spread of the virus to something manageable. All of us are dealing with financial unknowns as we begin to adapt to a new environment of social distancing for the short-term future.

Many of you have questions regarding the ability to fund contributions in your 401k Plan. The funding requirements differ depending on the contribution.

For Advisors, For Plan SponsorsApp AdminMarch 18, 2020COVID-19, From MichaelComment